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JPMorgan plans dual directional trigger PLUS linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., March 21 – JPMorgan Chase Financial Co. LLC plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Sept. 27, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 41.8%. If the index declines by 20% or less, the payout will be par plus the absolute value of the index return. If the index declines by more than 20%, investors will lose 1% for every 1% that the index declines from its initial level.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes will price March 24.
The Cusip number is 48129F648.
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